The new MPV-type reagents, B-acetoxydiisopinocampheylborane ($Ipc _2$BOAc) and B-trifluoroacetoxydiisopinocampheylborane $(Ipc _2BO _2CCF _3)$, have been prepared and their reducing characteristics in the reduction of carbonyl compound have been examined in order to find out a new reducing system with unique applicability in organic synthesis. In general, the reactivity of $Ipc _2BO _2CCF _3$ appears to be stronger than that of $Ipc _2$BOAc, presumably due to the acidity increase by the electron-withdrawing fluorine-substituent. Both reagents show an excellent selectivity in 1,2-reduction of $alpha,eta$-unsaturatedcarbonyl compounds and in competitive reduction between structurally different carbonyl compounds. In addition, $Ipc _2BO _2CCF _3$ shows interesting features in the stereoreduction of cyclic ketones.